ConocoPhillips (COP) Stock Buyback History
TTM buyback yield 2.80% · Shareholder yield (TTM) 2.80%.
TTM buyback yield
2.80%
Shareholder yield (TTM)
2.80%
5Y share count change
16.3%
TTM buyback spend
$4.52B
SBC coverage (TTM)
N/A
YoY change in spend
-8.1%
5Y CAGR of spend
+41.1%
Peak year (2011)
$11.12B
Cumulative spend
$78.83B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- ConocoPhillips (COP) repurchased about $4.52B of stock over the trailing twelve months.
- Diluted share count is up 16.3% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- Cash buyback spend has compounded at +41.1% per year over the latest 5-year window.
- TTM repurchases used about 32% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $5.02B | $0.00 | $5.02B | 1.25B | 6.1% | 4.35% |
| 2024 | $5.46B | $0.00 | $5.46B | 1.18B | -2.1% | 4.56% |
| 2023 | $5.40B | $0.00 | $5.40B | 1.21B | -5.7% | 3.92% |
| 2022 | $9.27B | $377.00M | $8.89B | 1.28B | -3.8% | 6.42% |
| 2021 | $3.62B | $304.00M | $3.32B | 1.33B | 23.2% | 3.82% |
| 2020 | $897.00M | $159.00M | $738.00M | 1.08B | -4.1% | 2.09% |
| 2019 | $3.50B | $274.00M | $3.23B | 1.12B | -4.4% | 4.91% |
| 2018 | $3.00B | $0.00 | $3.00B | 1.18B | -3.7% | 4.18% |
| 2017 | $3.06B | $227.00M | $2.84B | 1.22B | -2.0% | 4.68% |
| 2016 | $126.00M | $272.00M | −$146.00M | 1.25B | 0.3% | 0.20% |
| 2015 | $0.00 | $362.00M | −$362.00M | 1.24B | -0.3% | — |
| 2014 | $0.00 | $0.00 | $0.00 | 1.25B | 0.5% | — |
| 2013 | $0.00 | $0.00 | $0.00 | 1.24B | -1.1% | — |
| 2012 | $5.10B | $0.00 | $5.10B | 1.25B | -9.7% | 7.19% |
| 2011 | $11.12B | $0.00 | $11.12B | 1.39B | -7.0% | 15.43% |
| 2010 | $3.87B | $0.00 | $3.87B | 1.49B | -0.4% | 5.14% |
| 2009 | $0.00 | $0.00 | $0.00 | 1.50B | -1.7% | — |
| 2008 | $8.25B | $0.00 | $8.25B | 1.52B | -7.4% | 13.90% |
| 2007 | $7.00B | $0.00 | $7.00B | 1.65B | 2.3% | 6.58% |
| 2006 | $925.00M | $0.00 | $925.00M | 1.61B | 13.6% | 1.01% |
| 2005 | $1.92B | $0.00 | $1.92B | 1.42B | 1.1% | 3.10% |
| 2004 | $0.00 | $0.00 | $0.00 | 1.40B | 2.2% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 1.37B | 41.2% | — |
| 2002 | $300.00M | $0.00 | $300.00M | 0.97B | 64.6% | 1.18% |
| 2001 | $0.00 | $0.00 | $0.00 | 0.59B | 15.0% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 0.51B | 0.8% | — |
| 1999 | $13.00M | $0.00 | $13.00M | 0.51B | -2.2% | — |
| 1998 | $523.00M | $0.00 | $523.00M | 0.52B | -2.0% | — |
| 1997 | $395.00M | $0.00 | $395.00M | 0.53B | 0.1% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.53B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $1.00M | $0.00 | $1.00M | — | — | — |
| 1993 | $4.00M | $0.00 | $4.00M | — | — | — |
| 1992 | $4.00M | $0.00 | $4.00M | — | — | — |
| 1991 | $4.00M | $0.00 | $4.00M | — | — | — |
| 1990 | $37.00M | $0.00 | $37.00M | — | — | — |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for ConocoPhillips (COP) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for ConocoPhillips (COP)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for ConocoPhillips (COP)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $5.02B | -8.1% | -$445.00M | ||
| 2024 | $5.46B | +1.2% | +$63.00M | ||
| 2023 | $5.40B | -41.7% | -$3.87B | ||
| 2022 | $9.27B | +155.9% | +$5.65B | ||
| 2021 | $3.62B | +303.9% | +$2.73B | ||
| 2020 | $897.00M | -74.4% | -$2.60B | ||
| 2019 | $3.50B | +16.7% | +$501.00M | ||
| 2018 | $3.00B | -2.1% | -$64.00M | ||
| 2017 | $3.06B | +2331.0% | +$2.94B | ||
| 2016 | $126.00M | — | +$126.00M | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | -100.0% | -$5.10B | ||
| 2012 | $5.10B | -54.2% | -$6.03B | ||
| 2011 | $11.12B | +187.7% | +$7.26B | ||
| 2010 | $3.87B | — | +$3.87B | ||
| 2009 | $0 | -100.0% | -$8.25B | ||
| 2008 | $8.25B | +17.8% | +$1.25B | ||
| 2007 | $7.00B | +656.9% | +$6.08B | ||
| 2006 | $925.00M | -51.9% | -$999.00M | ||
| 2005 | $1.92B | — | +$1.92B | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | -100.0% | -$300.00M | ||
| 2002 | $300.00M | — | +$300.00M | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | -100.0% | -$13.00M | ||
| 1999 | $13.00M | -97.5% | -$510.00M | ||
| 1998 | $523.00M | +32.4% | +$128.00M | ||
| 1997 | $395.00M | — | +$395.00M | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | -100.0% | -$1.00M | ||
| 1994 | $1.00M | -75.0% | -$3.00M | ||
| 1993 | $4.00M | 0.0% | $0 | ||
| 1992 | $4.00M | 0.0% | $0 | ||
| 1991 | $4.00M | -89.2% | -$33.00M | ||
| 1990 | $37.00M | — | +$37.00M | ||
| 1989 | $0 | — | — |
As of the 2025 fiscal year, ConocoPhillips (COP) reported buyback spend of $5.02B – declined 8.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, ConocoPhillips buyback spend compounded at +41.1% per year, with the latest reading among the more recent periods of the dataset.
ConocoPhillips buyback spend plunged from $11.12B in 2011 to $5.02B in 2025, a 54.9% drawdown.
$11.12B stands as the all-time-high annual buyback spend, posted in 2011, against a low of $0 during 1989.
ConocoPhillips (COP) sits 3rd of 8 Energy peers we track on this metric, against a peer median of $2.49B.
ConocoPhillips Buyback Spend 2025: $5.02B
ConocoPhillips buyback spend in 2025 was $5.02B, declined 8.1% below 2024.
ConocoPhillips Buyback Spend 2024: $5.46B
ConocoPhillips buyback spend in 2024 was $5.46B, edged up 1.2% from 2023.
ConocoPhillips Buyback Spend 2023: $5.40B
ConocoPhillips buyback spend in 2023 was $5.40B, plunged 41.7% below 2022.
ConocoPhillips Buyback Spend 2022: $9.27B
ConocoPhillips buyback spend in 2022 was $9.27B, surged 155.9% from 2021.
ConocoPhillips Buyback Spend 2021: $3.62B
ConocoPhillips buyback spend in 2021 was $3.62B.
See more financial history for ConocoPhillips (COP).
Sector peers by buyback spend
Companies in the same sector as ConocoPhillips, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $20.27B | Energy |
| Chevron (CVX) | $11.86B | Energy |
| Marathon Petroleum (MPC) | $3.49B | Energy |
| EOG Resources (EOG) | $2.56B | Energy |
| SLB (SLB) | $2.41B | Energy |
| Enbridge (ENB) | $0 | Energy |
| Williams Companies (WMB) | $0 | Energy |
| Kinder Morgan (KMI) | $0 | Energy |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Capital allocation mix
How ConocoPhillips splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $14.30B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from ConocoPhillips's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does ConocoPhillips buy back its own stock?
Yes, ConocoPhillips (COP) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does ConocoPhillips spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $4.52B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is ConocoPhillips's buyback yield?
TTM buyback yield is about 2.80% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is ConocoPhillips's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.80% combined (TTM-based where available).
Is ConocoPhillips diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has ConocoPhillips's share count changed?
Diluted weighted average shares changed by about 16.3% over roughly five fiscal years (annual income statement data).
What is ConocoPhillips's buyback spend?
Latest reported buyback spend for ConocoPhillips (COP) is $4.52B (period ending March 31, 2026).
How has ConocoPhillips buyback spend changed year-over-year?
ConocoPhillips (COP) buyback spend changed -8.1% year-over-year on the latest annual filing.
What is the long-term growth rate of ConocoPhillips buyback spend?
ConocoPhillips (COP) buyback spend compound annual growth rate is +41.1% over the most recent 5 years available.
When did ConocoPhillips buyback spend hit its highest annual value?
ConocoPhillips buyback spend reached its highest annual value of $11.12B in 2011.
What was ConocoPhillips buyback spend in 2024?
ConocoPhillips (COP) buyback spend in 2024 was $5.46B.
What was ConocoPhillips buyback spend in 2025?
ConocoPhillips (COP) buyback spend in 2025 was $5.02B.
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